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Around the Net

Search Deals Make Twitter Profitable

Citing "people familiar with the matter," Spencer Ante reports that Twitter will make about $25 million from its search deals with Google and Microsoft announced in October. Twitter's deal with Google
will generate about $15 million, with the remainder coming from the deal with Microsoft.

Of course the search engines declined to confirm. Ante does go into detail about past comments from
Google's Marissa Mayer. He writes that the deals were made possible by Twitter's chief operating officer Dick Costolo, who joined Twitter from FeedBurner in September .

It is great to see all this business being done via social media companies. When Twitter started out, many thought it was a useless tool and no cared about "what are you doing now?" Now that the big boys are knocking at the door, Twitter's time has come.